Back at the beginning of April, after months of "ruling it out," Sony announced that the PlayStation Portable would be getting a price cut in the US, bringing the handheld's core price down $30 to $169.99. Sony remained tight-lipped as to when, or even if, those across the pond would be treated to similar savings.

Today it has been confirmed that the PSP will get a new recommended retail price in the UK of £129.99 (from £149.99), effective May 4. The portable will also get a price drop across the rest of Europe to 169 euros.

There will also be five new Platinum titles released at a new price of £14.99--Ridge Racer 2, Tekken: Dark Resurrection, Killzone: Liberation, LocoRoco, and MotoGP.

The company said that the reason behind the price cut was to celebrate the PlayStation 3's launch in Europe. Ray Maguire, Sony Computer Entertainment UK managing director, said in a statement, "now the exciting possibility of connecting remotely to the PS3 makes PSP more relevant than ever. So what better time to offer a brand-new price point?"